Acorah Software Products - Accounts Production 16.6.920 false true 31 March 2024 16 January 2023 false 1 April 2024 31 March 2025 31 March 2025 14595268 S Fayle iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14595268 2024-03-31 14595268 2025-03-31 14595268 2024-04-01 2025-03-31 14595268 frs-core:CurrentFinancialInstruments 2025-03-31 14595268 frs-core:ShareCapital 2025-03-31 14595268 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 14595268 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 14595268 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 14595268 frs-bus:SmallEntities 2024-04-01 2025-03-31 14595268 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 14595268 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 14595268 frs-core:CostValuation 2024-03-31 14595268 frs-core:CostValuation 2025-03-31 14595268 frs-core:ProvisionsForImpairmentInvestments 2024-03-31 14595268 frs-core:ImpairmentLossProvisionsForImpairmentInvestments 2025-03-31 14595268 frs-core:ProvisionsForImpairmentInvestments 2025-03-31 14595268 frs-bus:Director1 2024-04-01 2025-03-31 14595268 frs-countries:EnglandWales 2024-04-01 2025-03-31 14595268 2023-01-15 14595268 2024-03-31 14595268 2023-01-16 2024-03-31 14595268 frs-core:CurrentFinancialInstruments 2024-03-31 14595268 frs-core:ShareCapital 2024-03-31 14595268 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31
Registered number: 14595268
Fayle Holdings Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14595268
31 March 2025 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 13 113
13 113
CURRENT ASSETS
Debtors 5 - 100
Cash at bank and in hand 15 129
15 229
Creditors: Amounts Falling Due Within One Year 6 35,543 (263 )
NET CURRENT ASSETS (LIABILITIES) 35,558 (34 )
TOTAL ASSETS LESS CURRENT LIABILITIES 35,571 79
NET ASSETS 35,571 79
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 35,471 (21 )
SHAREHOLDERS' FUNDS 35,571 79
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Fayle
Director
19/12/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Fayle Holdings Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14595268 . The registered office is C/O DIGI Accountancy, Sun House, 2-4 Little Peter Street, M15 4PS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. 
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 
There have been no judgements, estimates or assumptions made in the preparation of these financial statements.
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
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4. Investments
Subsidiaries
£
Cost or Valuation
As at 1 April 2024 113
As at 31 March 2025 113
Provision
As at 1 April 2024 -
Impairment losses 100
As at 31 March 2025 100
Net Book Value
As at 31 March 2025 13
As at 1 April 2024 113
The company held a 100% shareholding in Multipack Logistics Ltd, during the year the subsidiary was placed into liquidation and the investment, previously carried at cost of £100, was fully impaired.
5. Debtors
31 March 2025 31 March 2024
£ £
Due within one year
Other debtors - 100
6. Creditors: Amounts Falling Due Within One Year
31 March 2025 31 March 2024
£ £
Amounts owed to group undertakings (35,556 ) 150
Other creditors 13 113
(35,543 ) 263
7. Share Capital
31 March 2025 31 March 2024
£ £
Allotted, Called up and fully paid 100 100
8. Exceptional Items
During the period an amount owed from Multipack Logistics Ltd, of which S Fayle is a director, totalled £138,456 has been written off due to Multipack Logistics Ltd entering into liquidation. A balance of £174,013 has also been written off. This amount is in relation to an intercompany balance for Minerva Brands. 
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